ACUITY INC. (DE) entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $800 million unsecured revolving credit facility maturing in May 2031 (effective 2026-05-08).
“On May 8, 2026, Acuity Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) among the Company, the subsidiary borrowers from time to time party thereto, the various lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.”
Debt Financings
ACUITY INC. (DE) incurred credit facility of $800 million with JPMorgan Chase Bank, N.A., as administrative agent at adjusted base rate, Term SOFR, EURIBOR, Daily Simple SONIA or Term CORRA, plus, maturing May 2031.
“The Credit Agreement provides for an unsecured revolving credit facility that matures in May 2031 with an initial maximum aggregate amount of availability of $800 million.”
Earnings Releases
ACUITY INC. (DE) reported the second quarter, ended February 28, 2026 results: EPS Diluted earnings per share was $3.09.
“Acuity Reports Fiscal 2026 Second-Quarter Results Strong Execution Delivers Sales Growth, Margin Expansion and EPS Improvement ■ Delivered Net Sales of $1.1B, an Increase of 5% Compared to the Prior Year ■ Delivered Operating Profit of $133M, Up 21% Compared to the Prior Year; Grew Adjusted Operating Profit to $176M, Up 8% Compared to the Prior Year ■ Delivered Diluted EPS of $3.09, Up 26% Compared to the Prior Year; Grew Adjusted Diluted EPS to $4.14, Up 11% Compared to the Prior Year”
Dianne S. Mills departed as Senior Vice President and Chief Human Resources Officer at ACUITY INC. (DE).
“On February 10, 2025, Dianne S. Mills, Senior Vice President and Chief Human Resources Officer, notified Acuity Brands, Inc. (the "Company") of her intent to retire from her current role with the Company effective December 31, 2025.”
Earnings Releases
ACUITY INC. (DE) reported the second quarter of fiscal 2024 ended February 29, 2024 results: revenue $905.9 million, EPS $2.84.
“Acuity Brands, Inc. (NYSE: AYI) (the “Company”), a market-leading industrial technology company, announced net sales of $905.9 million in the second quarter of fiscal 2024 ended February 29, 2024, a decrease of $37.7 million, or 4.0 percent, compared to the prior year.”
Governance Changes
ACUITY INC. (DE): Amendment and restatement of bylaws to update procedures for stockholder nominations, universal proxy rules, exclusive forum provisions, and stockholder meeting procedures (effective 2024-01-25).
“on January 25, 2024, the Board approved an amendment and restatement of the amended and restated by-laws of the Company (the “Bylaws”), which became effective at that time. Among the changes contained in the Bylaws are the following: a. As a result of the effectiveness of rules related to the use of “universal” proxy cards, updates to the procedural mechanics and disclosure requirements”
Governance Changes
ACUITY INC. (DE): Amendment to restated certificate of incorporation to provide for officer exculpation permitted by Delaware law (effective 2024-01-25).
“On January 24, 2024, at the annual meeting of stockholders”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Advisory vote on the frequency of future advisory votes on compensation of the named executive officers of the Company at the 2024-01-24 meeting.
“PROPOSAL 5 - The results of the advisory vote on the frequency of future advisory votes on compensation of the named executive officers of the Company were as follows: 1 Year 2 Years 3 Years Votes Abstained Broker Non-Votes 26,092,724 21,541 866,182 23,118 1,804,339”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Advisory vote on the compensation of the named executive officers of the Company at the 2024-01-24 meeting.
“PROPOSAL 4 - The results of the advisory vote on the compensation of the named executive officers of the Company were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 25,691,786 1,210,919 100,860 1,804,339”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2024 at the 2024-01-24 meeting.
“PROPOSAL 3 - Votes cast regarding the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2024 were as follows: Votes For Votes Against Votes Abstained 27,403,548 1,381,242 23,114”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Approval of an amendment to the Company’s Restated Certificate to incorporate new Delaware law provisions regarding officer exculpation at the 2024-01-24 meeting.
“PROPOSAL 2 - Votes cast regarding approval of an amendment to the Company’s Restated Certificate to incorporate new Delaware law provisions regarding officer exculpation were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 22,573,066 4,391,101 39,398 1,804,339”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Election of Directors at the 2024-01-24 meeting.
“PROPOSAL 1 - Votes regarding the persons elected to serve as Directors of the Company were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes Neil M. Ashe 25,891,833 1,086,406 25,326 1,804,339 Marcia J. Avedon, Ph.D. 26,710,811 271,511 21,243 1,804,339 W. Patrick Battle 26,588,428 390,542 24,595 1,804,339 Michael J. Bender 26,109,419 873,044 21,102 1,804,339 G. Douglas Dillard, Jr. 26,612,140 366,644 24,781 1,804,339 James H. Hance, Jr. 26,239,089 738,656 25,820 1,804,339 Maya Leibman 26,532,779 445,772 25,014 1,804,339 Laura G. O'Shaughnessy 26,722,966 255,706 24,893 1,804,339 Mark J. Sachleben 26,700,780 278,093 24,692 1,804,339 Mary A. Winston 25,588,118 1,391,493 23,954 1,804,339”
Earnings Releases
ACUITY INC. (DE) reported fiscal first quarter ended November 30, 2023 results: revenue $935M, EPS Reported diluted EPS of $3.21, up 40% Over the Prior Year; Adjusted diluted EPS of $3.72, up 13% Over the Prior Year.
“■ Delivered Net Sales of $935M, a 6% Decline Compared to the Prior Year ■ Grew Operating Profit to $133M, up 22% Over the Prior Year; Adjusted Operating Profit of $154M, up 10% Over the Prior Year ■ Reported Diluted EPS of $3.21, up 40% Over the Prior Year; Adjusted Diluted EPS of $3.72, up 13% Over the Prior Year”
Earnings Releases
ACUITY INC. (DE) reported fiscal full year 2023 ended August 31, 2023 results: revenue Net sales of $3.95 billion for the full year of fiscal 2023, EPS Diluted earnings per share was $10.76 for the full year of fiscal 2023.
“Net sales of $3.95 billion for the full year of fiscal 2023 decreased $53.9 million, or 1.3 percent, from $4.01 billion in the full year of fiscal 2022. Operating profit was $473.4 million for the full year of fiscal 2023, a decrease of $36.3 million compared to the prior year. Adjusted operating profit was $597.4 million for the full year of fiscal 2023, an increase of $9.3 million compared to the prior year. Diluted earnings per share was $10.76 for the full year of fiscal 2023”
Earnings Releases
ACUITY INC. (DE) reported fiscal Q4 2023 ended August 31, 2023 results: revenue Net sales of $1.0 billion, EPS Diluted earnings per share was $2.63.
“Acuity Brands, Inc. (NYSE: AYI) (the "Company"), a market-leading industrial technology company, announced net sales of $1.0 billion in the fourth quarter of fiscal 2023 ended August 31, 2023, a decrease of $99.9 million, or 9.0 percent, compared to the prior year. Diluted earnings per share was $2.63 in the fourth quarter of fiscal 2023”
Earnings Releases
ACUITY INC. (DE) reported third quarter of fiscal 2023 ended May 31, 2023 results: revenue $1.0 billion, EPS $3.28.
“Acuity Brands, Inc. (NYSE: AYI) (the "Company"), a market-leading industrial technology company, announced net sales of $1.0 billion in the third quarter of fiscal 2023 ended May 31, 2023, a decrease of 5.7 percent, or $60.3 million compared to the prior year.”
Earnings Releases
ACUITY INC. (DE) reported the second quarter of fiscal 2023 ended February 28, 2023 results: revenue $943.6 million, EPS $2.57.
“Acuity Brands, Inc. (NYSE: AYI) (the "Company"), a market-leading industrial technology company, announced net sales of $943.6 million in the second quarter of fiscal 2023 ended February 28, 2023, an increase of 3.8 percent, or $34.5 million compared to the prior year.”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Advisory Vote on Executive Compensation at the 2023-01-25 meeting.
“PROPOSAL 3 - The results of the advisory vote on the compensation of the named executive officers of the Company were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 26,587,152 1,262,272 259,192 1,659,281”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Ratification of Ernst & Young LLP as Independent Registered Public Accounting Firm for Fiscal 2023 at the 2023-01-25 meeting.
“PROPOSAL 2 - Votes cast regarding the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal 2023 were as follows: Votes For Votes Against Votes Abstained 28,224,646 1,528,169 15,082”
Shareholder Votes
ACUITY INC. (DE) shareholders approved Election of Directors at the 2023-01-25 meeting.
“PROPOSAL 1 - Votes regarding the persons elected to serve as Directors of the Company were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes Neil M. Ashe 26,698,817 1,386,551 23,248 1,659,281 Marcia J. Avedon, Ph.D. 27,813,061 272,659 22,896 1,659,281 W. Patrick Battle 27,692,019 393,455 23,142 1,659,281 Michael J. Bender 27,348,861 736,507 23,248 1,659,281 G. Douglas Dillard, Jr. 27,690,117 394,749 23,750 1,659,281 James H. Hance, Jr. 27,711,370 371,409 25,837 1,659,281 Maya Leibman 27,472,907 617,211 18,498 1,659,281 Laura G. O'Shaughnessy 27,862,756 221,966 23,894 1,659,281 Mark J. Sachleben 27,685,269 399,610 23,737 1,659,281 Mary A. Winston 26,629,442 1,456,287 22,887 1,659,281”
Earnings Releases
ACUITY INC. (DE) reported first quarter of fiscal 2023 ended November 30, 2022 results: revenue $997.9 million, EPS $2.29 per diluted share.
“ATLANTA, January 9, 2023 - Acuity Brands, Inc. (NYSE: AYI) (the "Company"), a market-leading industrial technology company, announced net sales of $997.9 million in the first quarter of fiscal 2023 ended November 30, 2022, an increase of 7.8 percent or $71.8 million, compared to the prior year. "We delivered solid results in the first quarter of fiscal 2023 as we continued to demonstrate our ability to drive sales growth through product vitality and service in both our lighting and spaces businesses." stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. "We expanded adjusted operating profit, substantially grew adjusted diluted earnings per share and generated strong cash flow from operations. We again created permanent shareholder value through share repurchases." Operating profit was $108.9 million in the first quarter of fiscal 2023, a decrease of $6.2 million, or 5.4 percent, compared to the prior year. Operating profit as a percent of net sales”
Ray M. Robinson departed as Director at ACUITY INC. (DE).
“On November 14, 2022, Acuity Brands, Inc. (the “Company”) received notices from each of Dominic J. Pileggi and Ray M. Robinson that each wished to retire from the Company's Board of Directors, effective as of January 25, 2023”
Dominic J. Pileggi departed as Director at ACUITY INC. (DE).
“On November 14, 2022, Acuity Brands, Inc. (the “Company”) received notices from each of Dominic J. Pileggi and Ray M. Robinson that each wished to retire from the Company's Board of Directors, effective as of January 25, 2023”
Michael J. Bender was elected as Director at ACUITY INC. (DE).
“Effective September 29, 2022, the Board of Directors (the "Board") of Acuity Brands, Inc. (the "Company") increased the size of the Board from eleven to twelve members and elected Michael J. Bender to the Board.”
Marcia J. Avedon was elected as Director at ACUITY INC. (DE).
“elected Marcia J. Avedon, Ph.D. to the Board with effect from June 29, 2022.”
Richard (Ricky) K. Reece departed as Executive Vice President of Acuity Brands, Inc. and Vice Chairman, Acuity Brands Lighting, Inc. at ACUITY INC. (DE).
“On September 14, 2021, Richard (Ricky) K. Reece notified Acuity Brands, Inc. (the “Company”) of his intention to retire from his positions as Executive Vice President of Acuity Brands, Inc. and Vice Chairman, Acuity Brands Lighting, Inc., effective November 30, 2021.”
Mark J. Sachleben was elected as Director at ACUITY INC. (DE).
“the election of Mark J. Sachleben to the Board”
Peter C. Browning retired as Director at ACUITY INC. (DE).
“the retirement of Peter C. Browning from the Company’s Board of Directors”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.